As of midnight, Wednesday October 21st, all of Ireland was placed on Level 5 Restrictions. Ireland has now returned to a state of lockdown that is similar to March 2020.
As these new restrictions would be extremely difficult for most establishments, the Tánaiste indicated that the hospitality sector should come back in a few weeks’ time and start a conversation with the Government about what Level 3 will look like for them when it arrives in December.
In other news, The Government has broadened the eligibility criteria for its new Covid-19 business support scheme. The Covid Restrictions Subsidy Scheme announced on budget day provides for grants of up to €5,000 a week to businesses who have been forced to close or operate at a significantly curtailed level because of the current restrictions.
According to the original announcement, qualifying businesses would have had to prove they had lost at least 80 per cent of turnover relative to the same period last year. However, this threshold has now been reduced to 75 per cent in bid to support more businesses. The relief, which will run from October 13th to March 31st, is primarily aimed at businesses in the hard-hit consumer-facing sectors of the economy, such as hospitality.
Here at First Choice Purchasing, we help our clients to exceed their strategic, operational and financial objectives. With a buying power in excess of €100 million per annum, First Choice Purchasing is Ireland’s market leader in procurement. We create immediate and continuous procurement savings in excess of 12% per annum for our clients.
We work with over 45 suppliers which gives us access to over 16,000 products & services and because of this we provide our clients, low costing products while retaining high quality. We provide procurement savings on the following:
- Food
- Meat / Fish
- Alcoholic / non-alcoholic drinks
- Merchant Services
- Energy
- PPE
- Disposable Packaging
- Consumables
We are aware every client’s requirements are different. We approach each project by understanding these needs. It brings us closer to helping our clients achieve their goals. If you are interested in learning more on how First Choice Purchasing could help save your company on its costs, please contact us today.
Contact us on 021-2390060 | info@firstchoicepurchasing.com or contact your FCP advisor
